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Global Marine in renewables foray taking majority stake in CWindGlobal Marine in renewables foray taking majority stake in CWind

Subsea specialist Global Marine Systems is pushing into the renewables market acquiring a majority interest in offshore wind support contractor CWind.

Marcus Hand, Editor

February 3, 2016

1 Min Read
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Global Marine said on Wednesday it had acquired a majority interest in CWind for an undisclosed price.

CWind has a fleet of 18 vessels and has been involved in the construction and support of operations for 26 wind farms in the North, Irish and Baltic Seas.

“The acquisition of CWind brings together two companies with a proven commitment to the highest standards of customer delivery, quality and safety,” said Ian Douglas ceo of Global Marine.

“The range of services provided by the team and the vessels within CWind complements Global Marine’s range of installation and maintenance services and creates an organisation that is well positioned to address the developing needs of customers in the offshore renewables market.”

Chris Randle ceo of CWind added: “Global Marine has over 165 years of subsea experience and that, combined with CWind's integrated service offering, means we can provide unparalleled value for our clients in construction and O&M, positioning the company to fully exploit the opportunities in front of us.”

Last year CWind had revenues of $40.3m.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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